Everest Insurance has announced the appointments of Anne Charon, Bernd Wiemann and Joe Ramon Morales to lead its operations in France, Germany and Spain respectively as it seeks to grow its European business.
Loss aggregator Perils has disclosed its second loss estimate for the European windstorms which affected the British Isles and continental Europe from 16-21 February 2022, pegging insured losses at €3.61bn ($3.82bn).
Beazley CEO Adrian Cox has described the group’s domestic European platform as a $1bn opportunity over the next 10-15 years amid rising demand for the specialty products offered by the carrier.
Howden has announced the appointments of Marie Gustafsson as CEO, Sweden and Kristoffer Haleen as executive board director to lead its business in the region.
Private equity-backed broker consolidator PIB Group had continued its European build-out with the acquisition of Spanish specialist broker Tractio.
A combination of the conflict in Ukraine, rising interest rates and inflationary pressures has seen insurance deals in Europe fall year on year, according to consultancy firm FTI’s latest European Insurance M&A Barometer.
EU rules on the mutual recognition of court judgments may prevent Spain from pursuing an €855mn ($900mn) judgment against insurers for a massive oil spill, the bloc’s highest court has been advised.
Brown & Brown has entered into an agreement to acquire the general insurance operations of Dublin, Ireland-based Patrick Quinlan Insurance.
Shareholders in Axa have backed the appointment of Antoine Gosset-Grainville as chairman and reappointed Thomas Buberl as CEO for another four-year term.
European insurance giant Zurich said its solvency ratio improved by 23 percentage points over 2021 thanks to its strengthened capital generation and the improved economic environment.
Medical professional liability specialist Coverys has announced the launch of a new Dublin-based operation.
A bill to scrap controversial EU legislation that requires insurers to foot the bill for vehicle accidents on private land has passed through parliament, a move the government says will prevent a £2bn ($2.5bn) hike for the UK’s insurance industry.
Scandinavian insurer Tryg has posted a pre-tax profit of DKK204mn ($29.3mn) in the first quarter of 2022, with the result burdened by capital markets volatility that hit the overall investment result as well integration costs due to the RSA Scandinavia acquisition which completed last year.
Norway’s Norges Bank Investment Management, asset manager Deka Investments and Swiss sustainable investment fund Ethos have both signalled their intention to back the reappointment of Generali CEO Philippe Donnet at the insurer’s upcoming annual general meeting on 29 April.
AM Best has revised its outlook for the Italian non-life insurance segment to negative from stable, citing economic uncertainty, declining underwriting profitability from the auto sector and elevated risk from concentrated investment portfolios.
Approximately 150 foreign-leased aircraft have been re-registered by Russian authorities since the country’s invasion of Ukraine, according to aircraft fleet analyser IBA, a move which “violates international law” and adds further uncertainty over potential specialty insurance losses from the conflict.
Swiss Re’s Moses Ojeisekhoba says (re)insurers must stay close to clients and deploy their risk knowledge to boost societal resilience in an increasingly interconnected world.
There is now just a week to go until Italian insurance giant Generali’s long-awaited annual general meeting next Friday. With battle lines drawn between the incumbent board and the rebel investors, it is shaping up to be a titanic dual.
WTW has unveiled two senior European hires, with Thomas Olaynig and Kilian Manz joining the broker from Marsh and Aon respectively.
Gallagher Re has appointed Arnaud Mézière as executive director to lead the intermediary’s growth in the life reinsurance markets in France and Belgium.